I warned you guys. The second the IRS was going to get their hands on the credit and debit card transactions. Moreover, they are right, as I said.
Continue reading Your gross receipts may be underreported…
OK. Here I go again. I’m going to tick off a few of you with my discussion of small business.. The facts are that our government has no clue that not all “small” business are the same, nor do they understand that lifestyle businesses are not really small businesses. Yet, they produce economic policies assuming the contrary. And, because of that our national economy suffers.
Continue reading Our Economy Needs Entrepreneurs
I’ve long advocated the use of IRA’s to expand one’s business interests. The issue is that there is a VERY fine line dividing what can and cannot be done- in a legal sense.
Continue reading Self Directed Investment Retirement Accounts (SDIRA)
Why should you go paperless? There are so many reasons. The first and primary reason is that everyone has access to the documents they need- even if they are not in the office. The second is that documents can be easily password protected and backed up- where they can be found. (How would you protect a paper document in a file? Lock the file?)
Continue reading We’re going to go paperless…REALLY!
Whew. You’re done. You managed to file your income taxes yesterday. (Some of you remember- long ago, when we stopped spending money to build America- that the Post Office stayed open until midnight [or 2AM] to yield that coveted 15 April postmark. No more…) And, now you won’t worry about taxes for the next 11 months.
Continue reading Post-apocalypse?
I was listening to NPR today. (OK, I listen to NPR every day, but that’s not what this is about.) The panelists were discussing that, other than typos, there are few factual errors in the newspapers. This is because news reporters are very diligent, trying to analyze what is really happening and reporting those findings to us. And, it’s hard to keep that focus, with all the noise that’s out there. With folks wanting to know why this or that is not reported. That’s because so many bogus outlets exist out there, giving wrong information all the time.
Continue reading We interrupt this message…
Another change in the tax situation for 2013…
Many folks are afraid to claim their duly earned home office deduction, because they fear they will be audited. About 3.5 million folks used this deduction in the past years- which is a lot lower than the number of folks who maintained a home office. (NASE- the National Association for the Self Employed- did a survey in 2008 and found more than 60% of those entitled never took this deduction.)
Continue reading Simpler Taxes Are Not Always Better
I admit it. I consider myself pretty smart. OK, wickedly smart. But, that does not mean I’m infallible. Nor does it mean that I know everything (even if I try to do so).
Continue reading Kool-Aid Thinking
Continue reading Finance is NOT a dirty word
What does one need? A bookkeeper or an accountant? I’m often asked that query. And, the answer, biased as I am, is “it depends”.
Continue reading What do I need?